Lakeland Financial Q2 2024 Adj EPS $0.74 Misses $0.85 Estimate, Sales $68.735M Beat $60.704M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lakeland Financial (NASDAQ:LKFN) reported Q2 2024 earnings per share of $0.74, missing the analyst estimate of $0.85 by 12.94%. However, the company reported sales of $68.735 million, beating the estimate of $60.704 million by 13.23%. This represents a 14.51% increase over the same period last year.
July 25, 2024 | 11:11 am
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NEUTRAL IMPACT
Lakeland Financial reported mixed Q2 2024 results with EPS missing estimates but sales beating expectations and showing significant year-over-year growth.
The mixed results, with EPS missing but sales beating estimates and showing strong year-over-year growth, are likely to have a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the positive sales performance.
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